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Trump Family's Collective Wealth Grows by $1.3 Billion Thanks to Crypto
Crypto Trends

Trump Family’s Collective Wealth Grows by $1.3 Billion Thanks to Crypto

by admin September 7, 2025



The family of United States president Donald Trump grew their collective wealth by $1.3 billion this week amid the trading debut of mining company American Bitcoin (ABTC), and gains from World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol linked to the Trump family.

World Liberty Financial has added $670 million to the Trump family’s net worth, and Eric Trump’s stake in ABTC, which he co-founded, was valued at over $500 million following the trading debut of ABTC on Wednesday, according to Bloomberg.

The calculation measured the family’s net worth using market prices on Wednesday when shares of ABTC shot up to a high of $14 before collapsing by over 50% to a low of 6.24. 

ABTC price action following merger with Gryphon Digital Mining. Source: TradingView

Additionally, the $1.3 billion did not account for the roughly $4 billion in WLFI tokens held by the Trump family that are subject to lock-up periods. 

Using current market prices and excluding the $4 billion in WLFI tokens, the family’s collective net worth stands at over $7.7 billion, according to the Bloomberg Billionaires Index. 

Trump family’s collective net worth surges in September. Source: Bloomberg

The Trump family’s involvement in crypto has brought an air of legitimacy to the cryptocurrency industry in the US following years of anti-crypto policies under the previous administration.

However, the US president’s crypto ties have also invited scrutiny from Democratic lawmakers in the US, who say the First Family’s involvement in the crypto sector represents a conflict of interest.

Related: Trump family went pro-crypto after Biden ‘weaponized’ banks: WSJ

American Bitcoin and World Liberty made high volatility trading debuts this week

World Liberty Financial made its trading debut on major crypto exchanges on Monday, unlocking 24.6 billion WLFI tokens for the launch, which saw an initial trading spike before token prices collapsed by over 40%.

American Bitcoin was relisted on US stock exchanges, following a merger with Gryphon Digital Mining, a publicly listed crypto mining company, on Wednesday.

Trading of ABTC’s stock was halted five times on Wednesday due to heightened volatility, which saw the stock soar to a high of $14 before collapsing to current prices of about $7.36 per share.

Magazine: Crypto traders ‘fool themselves’ with price predictions: Peter Brandt



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September 7, 2025 0 comments
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The Destruction of NASA Would Be a Blow to Our Collective Imagination
Product Reviews

The Destruction of NASA Would Be a Blow to Our Collective Imagination

by admin August 21, 2025


“It’s just very sad, and it’s kind of pointless,” Rader says. “And I think they’re going to look back at it in a couple of years, maybe less, and go, ‘Oh my gosh, what did we do?’”

No one I spoke to for this piece thinks NASA is literally going away. For one thing, Congress is pushing back on the changes, though the administration seems determined to ram them through one way or another. Instead, what they imagine is a kind of rump agency. “The sense that I got was, it was a very real possibility that NASA could be reduced to something just kind of in name only,” Rader says. “Almost maybe a version of the FAA (the Federal Aviation Administration), but for space.”

“It’s like witnessing a death of an ideal.”

Casey Dreier, space policy chief at the Planetary Society

What’s being undercut isn’t just NASA’s technical ability to carry out missions, although that would be bad enough. It is America’s—and the world’s—capacity to wonder, to believe, to know. “It’s almost like a diminution of our own vision and ambition to say we’re literally, I mean, again, not figuratively, literally, closing our eyes to the cosmos and turning inwards,” says Casey Dreier, the space policy chief at the nonprofit Planetary Society. “It’s like witnessing a death of an ideal.”

That death is already underway. Around 4,000 NASA staffers are scheduled to leave the agency this year, either through what the Trump administration calls “deferred resignation”—a kind of delayed, voluntary layoff—or what NASA is branding “normal attrition,” which includes people like Rader who are leaving of their own accord. That represents about a quarter of the agency’s total staff and includes more than 2,000 senior leaders, according to a report in Politico.

(In a statement, Cheryl Warner, NASA’s news chief, said safety “remains a top priority for our agency as we balance the need to become a more streamlined and more efficient organization and work to ensure we remain fully capable of pursuing a Golden Era of exploration and innovation, including to the moon and Mars.”)

The administration, meanwhile, has proposed a 2026 NASA budget that would slash overall agency spending by 24 percent and science spending specifically by almost half. “This is the largest single-year cut as a percentage ever proposed to NASA,” Dreier says. “It would bring NASA’s overall resources, adjusted for inflation, down to a level not seen since before the first humans went into space in 1961.”

The Trump proposal projects a frozen NASA budget until at least 2030 even as the administration touts a new “golden age of innovation and exploration.” To cap it off, NASA has been without a full-time administrator—the agency’s top official—since January. Sean Duffy, the transportation secretary and a former champion lumberjack and Real World cast member, has been doing double duty in the role on an interim basis since July.

Much has been written about what the proposed budget cuts and job losses will do to NASA. To begin with, they would mean the end of 41 planned or current missions, according to the Planetary Society. Those include an audacious, and long-underway plan to gather pristine soil samples on Mars and return them to earth, a probe exploring the solar system beyond Pluto, and a lander set to catch and study a giant asteroid that will barely miss the earth in 2029. They would also force NASA to essentially get out of the business of tracking climate change.



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August 21, 2025 0 comments
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